Industry experts attribute the improvement to better market conditions Surat: The decade-long slide in lab-grown diamond (LGD) prices appears to have paused, with export data for the first two months of the current financial year indicating an improvement in per-carat values.After averaging around $60 per carat in 2025-26, polished LGD exports in April and May…
Gems and jewellery dealers are looking forward to July 15 Surat: The city’s gem and jewellery trade has turned upbeat with the India-UK Free Trade Agreement (FTA) set to come into force on July 15, bringing duty-free access for a range of gem and jewellery products to the UK market.Signed in July 2025, the agreement…
Lab-grown diamondSurat: India’s polished lab-grown diamond exports have overtaken natural diamonds in volume for the first time, in FY 2025-26, marking a decisive shift in the global diamond trade driven by rapid manufacturing growth and rising affordability.Provisional data for FY 2025-26 shows India exported 18.8 million carats of polished lab-grown diamonds (LGD), compared to 16…
Surat rough diamond imports Surat rough diamond importsSurat: Surat has overtaken Mumbai to become India’s largest hub for rough diamond imports, handling more than 80% of inbound volumes, marking a structural shift in trade routing driven by tax changes and improved local customs infrastructure.Long recognised as the world’s biggest diamond-cutting and polishing centre, Surat is…
